Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.003%

Price spread now: Orderly against Paradex+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.055% dearer against Paradex than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2961	0.0086	pay 0.0086% / 8h	2h 09m	$9K	$15K	10x
Short	Orderly PERP_JUP_USDC	0.2963	0.0100	get 0.0050% / 4h	2h 09m	$31K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee OrderlybpOrdersPrice spread, now +0.055%Rate

Funding earned: $2.97
Price spread: +0.055% → 0.000%: $5.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.5
Costs to cover: 0.100%
Break-even: 10.5 days

Slippage unknown: Paradex: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JUP on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.5000%	1h	0.2934	−0.924%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2963	+0.057%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0129%	4h	0.2956	−0.195%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2963	+0.042%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0010%	4h	0.2957	−0.147%	$735K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	+0.511%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	+0.044%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2961	−0.009%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2962	+0.026%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0024%	1h	0.2961	−0.020%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.025%	—	—	20x	as long as short
Paradex JUP-USD-PERPlong	+0.0086%	8h	0.2961	long leg	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2964	+0.082%	$836K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.167%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.029%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	+0.045%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.052%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.009%	$282K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.091%	$16.4M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.114%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.080%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.022%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	−0.114%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.181%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	+0.042%	$980K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.012%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	+0.359%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2968	+0.221%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDCshort	+0.0100%	4h	0.2963	+0.055%	$31K	$51K	10x
HTX JUP-USDT	+0.0100%	4h	0.2955	−0.215%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.190%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.130%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.138%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0118%	4h	0.2956	−0.181%	$856K	$332K	50x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2956	−0.183%	$2.2M	$540K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.950%	$74K	$95K	50x	as long as short